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Ford Reports US Vehicle Sales Increase of 2% in January

Ford Motor Company, a major US car manufacturer, reported that new vehicle sales in the US market for January totaled 146,356 units, a 2% increase year-over-year.

When classified by vehicle type, internal combustion engine (ICE) vehicles accounted for 91% of total sales with 133,293 units sold, a 2.2% increase from the previous year. However, sales of hybrid vehicles decreased 26.3% with 7,816 units sold.

The combined sales of Mustang Mach-E, F-150 Lightning, and E-Transit electric vehicles stood at 5,247, a 104% increase year-over-year. Ford was the second-largest seller of electric vehicles in the United States in 2022, behind Tesla Inc.

Additionally, Ford had a stockpile of approximately 370,000 vehicles in January in the United States.

In conclusion, Ford reported a 2% increase in US vehicle sales in January, with internal combustion engine vehicles accounting for the majority of sales and electric vehicle sales showing a significant increase.

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